After Court Order, CBN Assures Keystone Bank’s Customers of Stability

The Central Bank of Nigeria (CBN) has reassure customers of Keystone Bank Limited that the bank remains safe and fully operational, despite a recent court order forfeiting the bank’s shares to the Federal Government.The Central Bank of Nigeria (CBN) has reassure customers of Keystone Bank Limited that the bank remains safe and fully operational, despite a recent court order forfeiting the bank’s shares to the Federal Government.

The court order, which was issued on February 11, 2025, has raised concerns among customers, but the CBN has emphasized that the stability of the banking system and the safety of depositors’ funds are its top priorities.

According to the CBN, the court order merely reaffirmed its earlier decision to take over the management of Keystone Bank Limited in January 2024, following a change in leadership.

Since then, the CBN has been closely monitoring the bank’s operations to ensure compliance with regulatory standards and transparency.

The CBN has encouraged customers to reach out to Keystone Bank’s customer support or visit any branch for inquiries or concerns. The bank’s operations are entirely secure, and there is no reason for concern.

In a statement, the CBN’s Acting Director of Corporate Communications, Hakama Sidi Ali, emphasized the apex bank’s commitment to safeguarding the financial system and building public trust.

“We shall continue to monitor the bank’s performance and take all necessary steps to protect the interests of depositors, staff, and stakeholders,” she said.